Arizona Wildcats basketball, coach Tommy Lloyd agree to 5-year contract extension

The University of Arizona announced on Monday that it has agreed to a 5-year contract extension with men's basketball coach Tommy Lloyd, which extends his contract until 2029.

The deal is pending approval by the Arizona Board of Regents.

The university announced in a statement that "donor funds have been secured to fully cover the increase in Lloyd's university-paid compensation throughout the term of the extension."

It announced that the total compensation for the first year of the extension was $5.25 million, escalating to $6 million in the fifth and final year of the extension.

"Tommy has proven to be a championship coach, an exceptional leader and recruiter, and has reinvigorated Wildcat pride by transforming the University of Arizona men's basketball program back into one of the top programs in the nation. We are thrilled that he will remain a Wildcat for years to come," University of Arizona President Robert C. Robbins said in a statement. "Thanks to the generosity of many in our community who love and support this university and are invested in its future, donor funds have been secured to cover the full cost increase of the extension."

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Lloyd's team is currently ranked No. 4 in the USA TODAY Sports Coaches Poll with a 20-5 record. The Wildcats lead the Pac-12 with an 11-3 conference record.

Lloyd was previously an assistant coach at Gonzaga before Arizona hired him to replace Sean Miller in 2021.

The Wildcats are 81-16 overall under Lloyd and 42-11 in Pac-12 games.

He set the NCAA record for most wins by a head coach through his first two seasons with 61, while guiding Arizona to the 2022 Pac-12 regular season championship and back-to-back Pac-12 Tournament titles in 2022 and 2023.

Arizona lost in the Sweet 16 of the NCAA Tournament in 2022 to North Carolina and was upset by Princeton in the first round in 2023.

"I am humbled and grateful to finalize a long-term extension here at the University of Arizona," Lloyd said in a statement. "I am energized by the support of our fans, our players, our alumni, President Robbins, the Board of Regents and our donors," said Lloyd. "All of us are aligned on maintaining a highly competitive and nationally recognized basketball program that provides a great experience for the student athletes. We will continue to honor the Wildcat basketball heritage and give everything we have to make people proud to say 'Bear Down!'"

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Reach Jeremy Cluff at jeremy.cluff@arizonarepublic.com. Follow him on X, formerly Twitter @Jeremy_Cluff.

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This article originally appeared on Arizona Republic: Arizona basketball coach Tommy Lloyd agrees to 5-year extension